Employment Tax

If you employ people, those individuals will incur PAYE income tax (Pay As You Earn) on their earnings and employees NIC (National Insurance Contributions) and some pension deductions as well.

And the employer is responsible for making sure that when they pay the individuals these correct deductions are made and paid to HMRC and the pension provider.

They don’t pay employees the gross pay, they pay them net pay after the PAYE, employee NIC and pension contributions and they have to pay the money and report the money to the HMRC and pension provider.

I started working with Leo Wagner 18 months ago.

It’s a pleasure working with Wagners because they are knowledgable, efficient and simply provide a great service. It was crucial to my business that I find a reliable and trustworthy accountant as personally, I was relatively inexperienced in this side of my business.

Wagners supported me and explained clearly and concisely what were the best options to help my business flourish.

I wholeheartedly recommend Wagner Accountants.

Paula Murray

Super Tonic for Design

The employer also has to report any other benefits that the employees receives such bonuses, cars, petrol, phone call expenses etc

The employer has to pay Employer NIC but there are some reliefs from this extra tax.

Typically, Wagners will help clients run their own payroll, because it’s more efficient for them to do it, or if required do the payroll for them.

And we can also make sure that the individuals are not assessed to tax on the wrong things.